Listing ID: 79209
A dynamic Fort Lauderdale sub-contracting firm (no G.C. license needed) that specializes in framing and drywall for a diversified portfolio within the following sectors: commercial, multi-family midrise apartments, medical and ACLF’s all within South Florida area. Established for about 20-years much of the revenue is derived from repeat clients due to their can-do attitude and professional work ethics. This sale includes a healthy pipeline of work-in-progress and future agreements currently valued at over $10MM, a knowledgeable and professional staff (3 W-2 and subs as needed), a healthy database of satisfied clients, excellent books and records, superb revenue growth and a seller that is willing to assist the purchaser throughout a reasonable transition process. This operation has been pre-qualified for SBA type financing and it should also qualify for immigration needs assuming the purchaser has the needed qualifications. The operation is relocatable most anywhere within the state of Florida and its a good opportunity to be a home-based operation; however, a new 5-year lease is being offered. A/R of $200K is included in asking price. The real estate may also be available for an additional $1.2MM and includes a tenant that pays about $5100 per month. Please refer to listing number 0101694612, business broker Thomas Milana 561-702-6867 when inquiring about this listing.
- Asking Price: $2,500,000
- Cash Flow: $626,604
- Gross Revenue: $5,570,817
- EBITDA: N/A
- FF&E: $175,000
- Inventory: $100
- Inventory Included: Yes
- Established: 2002
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Lease/Month: 2000 Square Footage: 1200 Building Type: Free Standing/In Terms & Options: TBD Expiration Date: 12/31/2026
Weeks Training: 4 Cost: $0
Retirement from Industry
Non Compete : Miles: 75 Years: 4
The company was established in 2002, making the business 20 years old.
The deal shall include inventory valued at $100, which is included in the listing price.
The business has 5 employees and is situated in a building with disclosed square footage of 1,200 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell operating businesses. Nevertheless, the genuine factor and the one they tell you may be 2 absolutely different things. As an example, they may state "I have too many other commitments" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competition, recent reduction in profits, or a variety of various other factors. This is why it is very crucial that you not depend entirely on a seller's word, but instead, utilize the seller's solution combined with your total due diligence. This will paint a much more realistic image of the business's current situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover points like inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that earnings margins are too tight. Lots of companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that must be met or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract new clients? Most times, companies have repeat consumers, which form the core of their everyday earnings. Specific aspects such as new competitors growing up around the area, roadway building and construction, and staff turnover can affect repeat clients and negatively affect future incomes. One important point to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the higher the chance to construct a returning consumer base. A final idea is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? Exactly how might the local average family income effect future revenue prospects?